German aircraft manufacturer Grob Aircraft AG and Elbit Systems Ltd. (NASDAQ and TASE: ESLT) teamed in several agreements to partner in the development of a new family of trainer aircraft: the G 120TP. The G 120TP Trainer family is based on a modular aircraft concept. One aircraft in three different configurations, namely as a Side-by-Side Aircraft, a Tandem-Seat Aircraft and a Four-Seat Aircraft, where as all three aircraft maintain a maximum of commonality, guaranteeing an unsurpassed operating cost effectiveness. Manufactured by Grob Aircraft AG, the aircraft will feature Elbit Systems avionic suite which includes a glass cockpit with a high level of mission simulation capability incorporating Virtual Tactical Training.

The new aircraft family will be marketed globally by Grob Aircraft with the Elbit Systems cockpit and virtual tactical training system, following the increasing demand and large scale tenders in the global training market. The partnership is an ideal combination in completing a training system, which includes the aircraft platform, mission simulation in the cockpit as well as training simulation outside of the cockpit. Grob's Aircraft platform design experience, combined with the training and training systems operating experience of Elbit Systems, makes the Grob Aircraft and Elbit System partnership a turnkey training system without equals.

Over the 39 years of its operation, Grob Aircraft AG has supplied over 3,500 different aircraft, which have accumulated over 7 million flight hours in the service of numerous customers around the world. Elbit Systems, Israel's leading defense company, offers a variety of advanced solutions, with extensive experience of over 30 years in the field of trainers and simulators for naval, ground and air platforms. Elbit Systems is considered the training house of the Israeli Air Force.